AVAX One, associated with Anthony Scaramucci, saw its stock price plunge by 32% due to uncertainty surrounding shareholders' sale plans.
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According to a report by Bijie Network: The share price of digital asset management company AVAX One, advised by SkyBridge Capital's Anthony Scaramucci, has plummeted by more than 32% after the company registered nearly 74 million insider-held shares in preparation for a potential public sale. Although this move does not guarantee a sale, it allows these shares to be resold on the open market, sparking investor concerns about equity dilution. Despite the company's recent announcement of plans to repurchase up to $40 million worth of shares to support the stock price, the share price has continued to decline.
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